The Resource Monetary policy and the Central Bank in Jordan, Samar Maziad, (electronic resource)

Monetary policy and the Central Bank in Jordan, Samar Maziad, (electronic resource)

Label
Monetary policy and the Central Bank in Jordan
Title
Monetary policy and the Central Bank in Jordan
Statement of responsibility
Samar Maziad
Title variation
Strategy, Policy, and Review Department
Creator
Contributor
Subject
Language
eng
Summary
The Central Bank of Jordan (CBJ) and its operational independence changed over time in line with the evolution of the monetary policy framework and as a result of the currency crisis in the late 1980s. The paper examines the developments of the CBJ, its independence in conducting monetary policy and the various instruments at its disposal, with special focus on the certificates of deposit (CDs) market, the main monetary policy instrument, and the treasury bill market. The paper also examines the issue of the autonomy of monetary policy in Jordan given the influence of world interest rates. Although, Jordan operates an exchange rate peg, which has been fixed to the USD since 1995, there is some room for flexibility in operating monetary policy in the short-run, where the CBJ has some autonomy in determining the spread between domestic and US interest rates. VAR and VECM results suggest that the response of the policy rate in Jordan to innovations in the US Federal Fund's rate is less than one-for-one. In the short-run, the CBJ appears to conduct monetary policy in response to domestic inflation and a measure of the domestic output gap
Related
Member of
Action
digitized
Cataloging source
CaPaEBR
Characteristic
  • document
  • online system or service
Dewey number
  • 332.4
  • 332.45660953
Government publication
international or intergovernmental publication
LC call number
HG1211
LC item number
.M395 2009eb
Series statement
IMF working paper
Series volume
WP/09/191
Label
Monetary policy and the Central Bank in Jordan, Samar Maziad, (electronic resource)
Publication
Note
"August 2009."
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references (pages 28-29)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Monetary framework and the impact of the currency crisis; III. CBJ independence and monetary policy; IV. Monetary policy instruments and operations; V. Monetary policy autonomy; VI. Conclusion; Appendix; Chart 1: VAR estimation impuls response function; Table 1: VECM estimation; Table 2: VECM variance decomposition of policy rate in Jordan; Footnotes
Control code
000053024403
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451917628
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b35564945
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)539117965
  • imf1451917627
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
Processing Feedback ...